Technical pitfalls are remembered after stepping into them once. Human nature pitfalls? We keep jumping into them repeatedly.
On November 17th, that long position didn't close during both opportunities and ended up hitting the stop-loss. In May, I shorted during a rebound, and now I'm going against the trend to go long, thinking I can profit both ways—it's the same old problem.
The operations in July were indeed intense, making a lot of money, but then it drifted away, and now I'm looking at the market through a filter. In November, another wave came, with milder symptoms, but the essence hasn't changed.
Subjective trading is like this: because you are confident in a certain judgment, you dare to invest heavily and reap the rewards. But also because of deep obsession, thinking "it will definitely go this way," you end up being educated by the market.
After BC has eaten its fill, it continues with AR, and after the excitement comes a natural pullback - how to suppress the pullback magnitude? This is the key.
When the applause sounds, it is also the easiest time to become confused. After opening a position, you should stay alert; otherwise, it's better not to make a move. Such a simple truth, yet I keep making the same mistakes. I don't know when it will truly sink into my brain.
Forget it, I'll sleep first and analyze it properly after waking up.
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ForkTrooper
· 11-23 10:03
The pitfall of human nature is much deeper than technical pitfalls—people really do keep falling into it over and over again.
Missing out on two consecutive chances without getting out—how stubborn must one be?
The moment you make a profit, you get overconfident; once you’re overconfident, you start seeing the market through rose-colored glasses. It takes several losses to finally correct this bad habit.
When you win, you want to go all in; only after you lose do you think of risk control. These are the lessons the market teaches the latest.
Honestly, it’s easiest to make mistakes right after experiencing that rush of winning. If you lose control then, you’ll end up giving it all back in the end.
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GasFeeTherapist
· 11-22 05:13
Haha, that's me, always repeating the same mistake.
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WalletWhisperer
· 11-20 19:50
The pitfalls of human nature are really much harder to deal with than technical pitfalls; stepping into them repeatedly is the norm.
When making money, one gets carried away; I understand this flaw too well, every time I say this time is different, but the result is still the same.
It's okay to stop loss and make money, but what's scary is that kind of deep obsession, where one must wait for the market to teach them a lesson.
The key is that continuously making money makes it even easier to get confused; taking the opposite position is a big pit.
This article is too heart-wrenching; it’s like a mirror standing upright.
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tx_or_didn't_happen
· 11-20 19:38
This is the gambler's mentality; after a big win, the brain just doesn't function well anymore.
Human nature is really harder to break than technology.
Another cycle of slapping oneself in the face, when will we learn?
Stop loss taken again and again, this is the fate of subjective trading.
After making a profit once, we want to replicate it, but the market doesn't give us the opportunity.
After getting carried away, looking at the charts is all subjective; I've been through that too.
The key is still the mindset; when a drawdown comes, we just can't bear it.
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WinterWarmthCat
· 11-20 19:37
When you make a lot of money, you get carried away; it's really ingrained in the DNA. When can I change this habit?
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GasFeeCrybaby
· 11-20 19:30
The pitfalls of human nature are truly remarkable. It’s said a thousand times, yet one must experience it personally to believe it.
When winning, one becomes complacent; when losing, one cannot accept defeat, creating a loop.
Knowing where the problem lies but being unable to change it is the most frustrating part.
The stop loss must be executed, otherwise you’re just battling yourself.
I’m the same way; as soon as I make a profit, I want to take more, only to end up losing it all again.
No amount of technical knowledge helps if you can’t overcome the psychological barriers.
Let’s review properly, but I bet five bucks tomorrow will be the same as usual.
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ShitcoinArbitrageur
· 11-20 19:25
The pitfalls of human nature are truly hard to guard against. Making the same mistake repeatedly, that's how the market teaches people.
It's too heart-wrenching; when you make a profit, you become restless, and when you incur a loss, you stubbornly hold on, in a cycle that repeats.
That's why most people have the fate of suckers; they know but just can't do it.
The certainty during a Heavy Position is the most dangerous, often being the starting point.
The loudest applause often comes closest to losses; realizing this is the first step into the market.
Want to control the drawdown? First, control your greed.
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ProbablyNothing
· 11-20 19:22
Human nature is really hard to guard against, and I only slowly realized this after repeatedly falling into pitfalls.
This guy hit the nail on the head; when you make a lot of money, it’s easy to get carried away. You start to mentally fill in the trends while watching the market, and in the end, you wake up only after taking a big stop loss.
My biggest lesson is that after winning, you have to stay focused even more, really.
Technical pitfalls are remembered after stepping into them once. Human nature pitfalls? We keep jumping into them repeatedly.
On November 17th, that long position didn't close during both opportunities and ended up hitting the stop-loss. In May, I shorted during a rebound, and now I'm going against the trend to go long, thinking I can profit both ways—it's the same old problem.
The operations in July were indeed intense, making a lot of money, but then it drifted away, and now I'm looking at the market through a filter. In November, another wave came, with milder symptoms, but the essence hasn't changed.
Subjective trading is like this: because you are confident in a certain judgment, you dare to invest heavily and reap the rewards. But also because of deep obsession, thinking "it will definitely go this way," you end up being educated by the market.
After BC has eaten its fill, it continues with AR, and after the excitement comes a natural pullback - how to suppress the pullback magnitude? This is the key.
When the applause sounds, it is also the easiest time to become confused. After opening a position, you should stay alert; otherwise, it's better not to make a move. Such a simple truth, yet I keep making the same mistakes. I don't know when it will truly sink into my brain.
Forget it, I'll sleep first and analyze it properly after waking up.